TD Cowen Lowers KBR (NYSE:KBR) Price Target to $64.00

KBR (NYSE:KBR) had its target price reduced by TD Cowen from $72.00 to $64.00 in a report issued on Wednesday,Benzinga reports. TD Cowen currently has a hold rating on the construction company’s stock.

A number of other brokerages have also weighed in on KBR. KeyCorp raised their price objective on KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. UBS Group boosted their price target on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. DA Davidson reissued a “buy” rating and issued a $84.00 target price on shares of KBR in a research note on Tuesday, November 19th. Citigroup upped their price target on KBR from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 6th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, KBR has an average rating of “Moderate Buy” and a consensus target price of $78.86.

KBR Stock Down 0.6 %

KBR stock opened at $57.45 on Wednesday. KBR has a 52 week low of $51.60 and a 52 week high of $72.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The firm has a 50-day simple moving average of $60.98 and a 200-day simple moving average of $64.12. The stock has a market capitalization of $7.65 billion, a P/E ratio of 24.14, a P/E/G ratio of 1.16 and a beta of 0.85.

KBR (NYSE:KBR) last announced its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.95 billion. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Equities analysts forecast that KBR will post 3.27 earnings per share for the current fiscal year.

KBR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 1.04%. KBR’s dividend payout ratio (DPR) is presently 25.21%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Pier 88 Investment Partners LLC lifted its stake in KBR by 25.9% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 50,710 shares of the construction company’s stock worth $3,303,000 after acquiring an additional 10,420 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in KBR during the third quarter worth about $771,000. Franklin Resources Inc. lifted its position in shares of KBR by 14.5% during the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company’s stock worth $167,876,000 after purchasing an additional 305,889 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of KBR in the third quarter valued at approximately $1,928,000. Finally, Versor Investments LP acquired a new position in shares of KBR in the third quarter valued at approximately $1,954,000. 97.02% of the stock is currently owned by institutional investors and hedge funds.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.